Malone University

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The mission of Malone University is to provide students with an education based on biblical faith in order to develop men and women in intellectual maturity, wisdom, and Christian faith who are committed to serving the church, community, and the world.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 34-0737794) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 27 volunteers and 722 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $161K a year · 0.4% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$867K
to officers and key staff · 2% of spending
Pay to officers and key staff is 2% of spending.
Part VII, Section A
1.3 mo
of spending, in cash
Plus $21.4M in investments, Pt X · Ln 11–13
1.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $84K
6 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$19.5M
28% of total assets
Liabilities are 28% of assets.
Pt X · Ln 26
Independent board members
27
of 31 voting members
27 of 31 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$45.4M
+6% vs prior year
Spent
$45.2M
To programs
85%
Net assets
$49.2M
By yearFY2020–FY2025
Revenue
$45.4M
FY2025▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$45.1M
FY2021$44.9M
FY2022$43.1M
FY2023$45.0M
FY2024$43.0M
FY2025$45.4M
Expenses
$45.2M
FY2025▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$47.0M
FY2021$43.2M
FY2022$44.3M
FY2023$44.0M
FY2024$43.8M
FY2025$45.2M
Net assets
$49.2M
FY2025▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$43.2M
FY2021$49.4M
FY2022$44.9M
FY2023$47.0M
FY2024$48.4M
FY2025$49.2M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1958.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $38.2M Management & general 13% · $5.9M Fundraising 2% · $1.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

36 people listed on the 990; $867K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President
$232,752Pt VII · Sec A
VP Finance & Business Affairs
$172,739Pt VII · Sec A
VP Enrollment & Marketing
$120,201Pt VII · Sec A
VP Advancement
$117,139Pt VII · Sec A
$116,041Pt VII · Sec A
VP Student Development
$98,833Pt VII · Sec A
$8,981Pt VII · Sec A
$0Pt VII · Sec A

Greg Miller’s $233K as President is at the 48th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
David King—$208,051$240,823$198,673$335,770$225,709
Greg Miller$232,752$180,042$112,535$113,274$104,998$89,012
Katie Robbins$172,739$146,043$132,870$130,703$129,270$94,824
Patrick Roberts Left 1022———$131,346——
Tim Bryan———$118,493$121,568$117,742
Eric Young$120,201$86,703————
Brian Hollingsworth$117,139$110,951————
Patrick Roberts——$107,628—$116,368$90,060

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Malone University executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students for intellectual growth and mature Christian faith.

Questions for Malone University

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3 programs · $38.2M · in their own filed words · FY2024
01

Traditional Undergraduate

Malone's Christian liberal arts approach is widely recognized today as producing exceptional graduates prepared for all aspects of life. Our intent is that students attain the wisdom, knowledge, and skills necessary to serve, engage, and transform the communities in which they live and work.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 34-0737794) · Dispute this line
$33.0Mprogram expense
02

Graduate Studies

Malone University has developed graduate programs and workshops to meet the needs of professionals desiring to advance their knowledge and skills in a faith-based environment. The following areas of study are offered: business administration (MBA), school counseling (MAED), nursing (MSN), and clinical mental health counseling (MAED).

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 34-0737794) · Dispute this line
$4.5Mprogram expense
03

Non-Traditional Undergraduate

Malone University offers a degree completion option to adult learners with prior undergraduate coursework: MGMT (Malone management program). Students can complete their degrees in as little as 12 months.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 34-0737794) · Dispute this line
$772Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 6 funders →
Grants paid · 6 grants · $102.4M · 2019–2024
Unitemized GrantFY2024$17,924,624
Unitemized GrantFY2023$17,275,644
Unitemized GrantFY2022$16,246,574
Unitemized GrantFY2021$16,645,262
Unitemized GrantFY2020$16,586,376
Unitemized GrantFY2019$17,695,478

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $10.5M federal money spent
Federal Direct LoansDepartment of Education · ALN 84.268 · Direct$7.9M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.9M
Federal Perkins LoansDepartment of Education · ALN 84.038 · Direct$196K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$115K
Teach GrantDepartment of Education · ALN 84.379 · Direct$104K

Plus 2 smaller programs.

The auditor reported no findings.

Year ending Jun 2024 · $10.8M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$8.2M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.7M
Federal Perkins LoansDepartment of Education · ALN 84.038 · Direct$342K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$133K
Elementary and Secondary School Emergency Relief Fund (esser)Department of Education · ALN 84.425U · Through Ohio Department of Education$122K

Plus 4 smaller programs.

The auditor reported no findings.

Year ending Jun 2023 · $11.0M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$8.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.4M
Federal Perkins LoansDepartment of Education · ALN 84.038 · Direct$508K
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through City of Canton$137K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$120K

Plus 3 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $16.8M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$8.9M
Covid-19 Higher Education Emergency Relief Funds - StudentsDepartment of Education · ALN 84.425 · Direct$5.2M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.7M
Federal Perkins LoansDepartment of Education · ALN 84.038 · Direct$824K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$118K

Plus 2 smaller programs.

The auditor reported no findings.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$45.4M
Ln 12
Fees for servicesLn 2g$37.2M
Gifts and grantsLn 1h$6.0M
Other incomeLn 4–11$1.3M
Money outPt IX
$45.2M
Ln 25
Programscol B$38.2M
Managementcol C$5.9M
Fundraisingcol D$1.1M
Owns and owesPt X
$49.2M
net assets · Ln 32
Cash and savingsLn 1–2$5.0M
Total assetsLn 16$68.7M
LiabilitiesLn 26$19.5M
PeoplePt VI, VII
36
listed · VII A
PaidVII A7
Voting boardVI 1a31
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.0M
Government grantsLn 1e$979K
Noncash giftsLn 1g$549K
Fundraising eventsLn 1c$106K
Fees for servicesLn 2g$37.2M
Investment incomeLn 3$884K
Other incomeLn 4–11$1.3M
Gains on assetsLn 7$1.4M
Total revenueLn 12$45.4M
Assets in detailPt X, end of year
CashLn 1$9K
SavingsLn 2$5.0M
Cash and savings togetherLn 1–2$5.0M
Pledges and grants receivableLn 3$3.5M
Accounts receivableLn 4$853K
Notes and loans receivableLn 7$384K
Prepaid expenses and deferred chargesLn 9$413K
Land, buildings, equipmentLn 10c$35.7M
InvestmentsLn 11–13$21.4M
Other assetsLn 15$1.4M
Total assetsLn 16$68.7M
LiabilitiesLn 26$19.5M
Net assetsLn 32$49.2M
OperationsPt I, VI
EmployeesI 5722
VolunteersI 627
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$549K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$79K
Share of the $27.3M endowmentSch D 1g0.29%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$27.3M$25.6M$23.7M$22.1M$25.2M
AddedLn 1b$336K$302K$374K$342K$374K
SpentLn 1d–1f$1.2M$1.1M$1.0M$1.1M$980K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$4.5M$5.0M
InvestmentsLn 11–13$20.1M$21.4M
Land, buildings, equipmentLn 10c$35.7M$35.7M
Total assetsLn 16$66.9M$68.7M
LiabilitiesLn 26$18.4M$19.5M
Net assetsLn 32$48.4M$49.2M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$17.9M$17.9M
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of officers and key staff (Part IX, line 5)Ln 5$886K$140K$615K$131K
Pay of disqualified personsLn 6$98K$98K
Other salaries and wagesLn 7$10.3M$7.5M$2.4M$397K
Pension plan contributionsLn 8$59K$40K$16K$3K
Other employee benefitsLn 9$1.9M$1.7M$190K$33K
Payroll taxesLn 10$828K$568K$221K$39K
Management feesLn 11a$27K$27K
Legal feesLn 11b$120K$120K
Accounting feesLn 11c$88K$88K
Investment management feesLn 11f$79K$79K
Other fees for servicesLn 11g$421K$127K$118K$175K
Advertising and promotionLn 12$974K$816K$90K$67K
Office expensesLn 13$342K$203K$57K$81K
Information technologyLn 14$934K$212K$722K
OccupancyLn 16$1.5M$1.2M$283K
TravelLn 17$968K$875K$69K$24K
Conferences, conventions and meetingsLn 19$91K$59K$31K$2K
InterestLn 20$1.3M$1.3M
Depreciation, depletion and amortizationLn 22$2.1M$1.4M$551K$97K
InsuranceLn 23$164K$164K
Other expenses (24a–d)Ln 24$3.3M$3.2M$85K$14K
All other expensesLn 24e$853K$853K$0$0
Total functional expensesLn 25$45.2M$38.2M$5.9M$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 5, 2026 $45.4M$45.2M$202K$49.2M 990 PDF
FY2024Filed with the IRS May 9, 2025 $43.0M$43.8M−$836K$48.4M 990 PDF
FY2023Filed with the IRS May 6, 2024 $45.0M$44.0M$1.0M$47.0M 990 PDF
FY2022Filed with the IRS May 8, 2023 $43.1M$44.3M−$1.2M$44.9M 990 PDF
FY2021Filed with the IRS Apr 28, 2022 $44.9M$43.2M$1.7M$49.4M 990 PDF
FY2020Filed with the IRS May 14, 2021 $45.1M$47.0M−$1.9M$43.2M 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments E · Schools G · Fundraising I · Grants J · Pay L · Interested persons M · Noncash O · Explanations R · Related orgs
See the full FY2025 990
Part I · Summary $45,379,391 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,665,592$5,984,584
I-9 Program service revenuePrior year $36,470,308$37,233,441
I-10 Investment incomePrior year $820,566$2,235,292
I-11 Other revenuePrior year $0−$73,926
I-12 Total revenuePrior year $42,956,466$45,379,391
I-13 Grants and similar amounts paidPrior year $17,275,644$17,924,624
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $13,525,045$14,045,222
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,991,741$13,207,303
I-18 Total expensesPrior year $43,792,430$45,177,149
I-19 Revenue less expensesPrior year −$835,964$202,242
Part VI · Governance 27 of 31 board members independent, no flags
VI-1a Voting members of the governing body31
VI-1b Independent voting members27
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $45,379,391 across 11 lines filed
Lines not itemized here account for $80,900 of total revenue; see the IRS return.
VIII-1c Fundraising events$106,200
VIII-1e Government grants$979,418
VIII-1f All other contributions, gifts and grants$4,898,966
VIII-1g Noncash contributions (included above)$549,394
VIII-1h Total contributions, gifts and grants$5,984,584
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,152,541$37,152,541
VIII-3 Investment incomeExcluded from tax $884,239$884,239
VIII-5 RoyaltiesExcluded from tax $1,245$1,245
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,351,053$1,351,053
VIII-8 Net income from fundraising eventsExcluded from tax −$75,171−$75,171
VIII-12 Total revenueRelated to mission $37,233,441 · Unrelated business $0 · Excluded from tax $2,161,366$45,379,391
Part IX · Statement of functional expenses $45,177,149 across 26 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $17,924,624$17,924,624
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $140,065 · Management $614,535 · Fundraising $131,007$885,607
IX-6 Pay of disqualified personsPrograms $97,991$97,991
IX-7 Other salaries and wagesPrograms $7,507,534 · Management $2,378,796 · Fundraising $397,182$10,283,512
IX-8 Pension plan contributionsPrograms $40,165 · Management $15,721 · Fundraising $2,774$58,660
IX-9 Other employee benefitsPrograms $1,667,782 · Management $189,763 · Fundraising $33,485$1,891,030
IX-10 Payroll taxesPrograms $567,863 · Management $221,478 · Fundraising $39,081$828,422
IX-11a Management feesManagement $26,584$26,584
IX-11b Legal feesManagement $119,772$119,772
IX-11c Accounting feesManagement $88,107$88,107
IX-11f Investment management feesManagement $79,417$79,417
IX-11g Other fees for servicesPrograms $127,458 · Management $117,955 · Fundraising $175,419$420,832
IX-12 Advertising and promotionPrograms $816,379 · Management $90,050 · Fundraising $67,368$973,797
IX-13 Office expensesPrograms $203,384 · Management $56,896 · Fundraising $81,341$341,621
IX-14 Information technologyPrograms $211,676 · Management $722,064$933,740
IX-16 OccupancyPrograms $1,242,152 · Management $282,970$1,525,122
IX-17 TravelPrograms $874,699 · Management $69,322 · Fundraising $24,100$968,121
IX-19 Conferences, conventions and meetingsPrograms $58,702 · Management $30,567 · Fundraising $1,690$90,959
IX-20 InterestPrograms $1,275,305$1,275,305
IX-22 Depreciation, depletion and amortizationPrograms $1,426,481 · Management $550,633 · Fundraising $97,162$2,074,276
IX-23 InsuranceManagement $163,673$163,673
IX-24 Other expenses (24a–d)Programs $3,174,436 · Management $84,899 · Fundraising $13,958$3,273,293
IX-24e All other expensesPrograms $852,684 · Management $0 · Fundraising $0$852,684
IX-25 Total functional expensesPrograms $38,209,380 · Management $5,903,202 · Fundraising $1,064,567$45,177,149
Part X · Balance sheet $68,671,490 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $9,000$9,000
X-2 Savings and temporary cash investmentsStart of year $4,516,300$5,000,198
X-3 Pledges and grants receivableStart of year $3,385,320$3,512,066
X-4 Accounts receivableStart of year $1,046,464$853,254
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $307,068$383,900
X-9 Prepaid expenses and deferred chargesStart of year $311,374$413,392
X-10c Land, buildings and equipment, netStart of year $35,650,913$35,689,844
X-11 Publicly traded securitiesStart of year $20,052,491$21,359,875
X-15 Other assetsStart of year $1,594,395$1,449,961
X-16 Total assetsStart of year $66,873,325$68,671,490
X-17 Accounts payable and accrued expensesStart of year $1,462,235$1,676,163
X-19 Deferred revenueStart of year $1,513,993$1,149,939
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $9,208,136$8,668,960
X-25 Other liabilitiesStart of year $6,248,151$8,015,125
X-26 Total liabilitiesStart of year $18,432,515$19,510,187
X-27 Net assets without donor restrictionsStart of year $19,298,546$18,422,878
X-28 Net assets with donor restrictionsStart of year $29,142,264$30,738,425
X-32 Total net assets or fund balancesStart of year $48,440,810$49,161,303
X-33 Total liabilities and net assetsStart of year $66,873,325$68,671,490
Part XI · Reconciliation of net assets $49,161,303 net assets at year end
XI-1 Total revenue$45,379,391
XI-2 Total expenses$45,177,149
XI-3 Revenue less expenses$202,242
XI-4 Net assets at start of year$48,440,810
XI-5 Net unrealized gains (losses) on investments$422,724
XI-6 Donated services and use of facilities$32,600
XI-9 Other changes in net assets$62,927
XI-10 Net assets at end of year$49,161,303

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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